Development bank disburses N1.6bn to LivingTrust MfB

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The Development Bank of Nigeria has approved the disbursement of N1.6bn to LivingTrust Mortgage Bank Plc for on-lending to Micro Small and Medium-size entrepreneurs.

In a letter from DBN to the management of the mortgage bank, dated April 27, 2022, DBN said it had in March last year, disbursed the first tranche of the fund to the bank.

“We are pleased to advise you that the Board of DBN has approved a review of your credit limit to N1,612,078,500.00 for on-lending to prequalified .

 

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